Bitcoin Price Drops Below $33,000 | AfroNaija

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Bitcoin price drops below $33,000


Bitcoin price drops below $33,000

Bitcoin price drops below $33,000

The world’s largest crypto by market cap, Bitcoin on Monday fell below $33,000 for the first time in 10 months.

The volatile asset had last recorded its lowest price in July 2021.

The digital currency in January 2022 fell as low as $38,000 from an all-time high of $68,990 recorded in November 2021.

According to CoinMarketCap cap, the Bitcoin price dropped by 5 per cent to $32,832 at 15:00 GMT +1.

The cryptocurrency continues to struggle back to its highest level since the beginning of this year.

Other coins such as Ethereum sold at $2,412, Dogecoin (DOGE) fell 6 per cent to $0.1176, while Shiba Inu (SHIB) dropped 11 per cent to $0.0000167.

Following the dip, the global cryptocurrency market cap fell to $1.58 trillion, with Bitcoin’s $627 billion accounting for just under 40% of that sum.

The Central Bank of Nigeria (CBN) had placed a ban on cryptocurrency transactions in Nigerians.

The apex bank claimed that they are largely used in terrorism financing and money laundering, considering the anonymity of virtual transactions.

The post Bitcoin price drops below $33,000 appeared first on NEWS.

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Aminat Aigbe

Aminat Aigbe is the first lady of afronaija and a very good blogger ( Original Mrs AfroNaija )

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